define unemployment . what are the two types of unemployment found in rural areas ? how does unemployment affect the overall groth of an economy ? explain by giving 3 points.
Answers
Unemployment is said to exist when a people who r willing to work at the going wages cannot find jobs . it affects the country in many ways :
1) It is a wastage of manpower resource.
2) It creates a feeling of despair and hoplesness among the youth
3) People who are an asset for the economy turn onto a liability
4) It tends to increase economic overload
5) The dependence of the unemployed on the working population increases
6) The quality of life is adversly affected
7) It has detrimental effect on the country 's economy...
The two types of Unemployment in rural areas are:• Seasonal Unemployment: It is the periodic unemployment occurs in seasonal variation or the work in the industries are not needed for the whole year. Example: Farming
• Disguised Unemployment: It happens when the part of the labor group left without working, where worker productivity is zero......
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